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trieutv
Sep 9, 2023 3:02 AM

Reversal Pattern, chance to buy Short

RUNE / TetherUSBinance

Description

Chart 4H TF


BINANCE:RUNEUSDT has broken up and gone up to resistance zone around 1.62

Chart 1H TF


It's broken down ascending trend line and trading at 1.58x now.
I figured out some good signals for reversal
- Reversal Pattern: Head Shoulders
- ChOCh at 1.57
- Strong Resistance Zone around 1.6x
- Fake Breakout
So I expect price will down to support zones at 1.56, lower 1.52

Wait and see what happen

Comment

Comments
SwallowPremium
Such an interesting point of view and great explanation, well done mate. Keep it up!!
Nhest-Trading
Short
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